Here's why this wine costs $16,000 per bottle

In addition to being a renowned power lunch spot, Del Frisco's Double Eagle Steak House has been recognized for its impressive wine selection.

The Manhattan location does $8 million a year in wine sales alone, wine director Crystl Horton told Business Insider before she stepped carefully around the wine case-covered floor of the cellar to pull out a crown jewel: the 2009 Domaine de la Romanée-Conti. It's listed on Del Frisco's wine list at $16,000 for the bottle.

Following is a transcript of the video.

Crystl Horton: So, we are looking at one of the most coveted wines in the world. This is Domaine de la Romanée-Conti. Romanée-Conti. This is a 2009.

It is a tiny little monopole in Burgundy. So, it's pinot noir but it is on the list here - single bottle: $16,000.

Well, they're willing to spend it because of the pedigree of the wine. Because of the, sort of the history of the wine and the property, and also the fact that it's such a small production. I mean, for the world, there's just not enough of it, ever.

And especially when you get into, now you're talking - this is a 2009. It's not the current vintage.

So, even - more than half of this production has already been consumed. So, it just dwindles and dwindles and dwindles, until there's only a few left.

And, then the prices just exponentially go up.

This story was originally published by Food & Wine.